Can I retire at age 30 with 548,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$45,253$44,850$44,457$44,073$43,698$42,114
2 years$22,403$21,985$21,581$21,189$20,809$19,230
3 years$14,787$14,368$13,964$13,576$13,202$11,679
4 years$10,980$10,562$10,162$9,781$9,416$7,959
5 years$8,696$8,281$7,887$7,513$7,158$5,772
6 years$7,174$6,762$6,373$6,008$5,664$4,349
7 years$6,087$5,678$5,296$4,939$4,606$3,363
8 years$5,272$4,867$4,492$4,144$3,821$2,648
9 years$4,639$4,238$3,869$3,529$3,218$2,114
10 years$4,133$3,736$3,373$3,042$2,742$1,704
11 years$3,719$3,326$2,969$2,648$2,358$1,385
12 years$3,374$2,985$2,635$2,322$2,043$1,133
13 years$3,083$2,697$2,354$2,050$1,782$931
14 years$2,833$2,452$2,115$1,820$1,562$768
15 years$2,617$2,240$1,910$1,623$1,375$636
16 years$2,428$2,055$1,732$1,453$1,216$527
17 years$2,261$1,893$1,576$1,306$1,078$439
18 years$2,113$1,749$1,438$1,177$958$365
19 years$1,981$1,621$1,317$1,063$854$305
20 years$1,862$1,506$1,209$963$763$255
21 years$1,755$1,403$1,112$874$683$213
22 years$1,658$1,310$1,025$795$612$178
23 years$1,569$1,225$946$724$549$149
24 years$1,488$1,148$875$660$494$125
25 years$1,413$1,077$810$603$444$105
26 years$1,344$1,012$752$551$400$88
27 years$1,280$953$698$505$361$74
28 years$1,221$898$649$462$326$62
29 years$1,167$847$604$424$294$52
30 years$1,115$800$562$389$266$44
31 years$1,068$756$524$357$240$37
32 years$1,023$715$489$328$217$31
33 years$981$677$457$302$197$26
34 years$942$642$427$278$178$22
35 years$905$609$399$256$161$18
36 years$870$578$373$236$146$15
37 years$837$549$349$217$132$13
38 years$806$522$327$200$120$11
39 years$777$496$306$184$109$9
40 years$749$472$287$170$99$8
41 years$723$449$269$157$90$6
42 years$698$428$253$145$81$5
43 years$674$408$237$134$74$5
44 years$651$389$223$123$67$4
45 years$629$371$209$114$61$3
46 years$609$354$196$105$55$3
47 years$589$337$184$97$50$2
48 years$570$322$173$90$46$2
49 years$552$308$163$83$41$2
50 years$535$294$153$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $548,000, adding $5,612 every year, while hoping to spend $26,970 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 64/25/11 Blend
29$548,000$548,000$548,000$548,000
30$609,685$580,641$572,147$646,846
31$643,177$580,396$562,618$672,120
32$679,181$579,236$551,866$696,060
33$717,925$577,086$539,821$721,528
34$759,660$573,870$526,411$748,673
35$804,659$569,503$511,560$777,657
36$853,225$563,900$495,188$808,662
37$905,689$556,966$477,212$841,888
38$962,416$548,603$457,545$877,555
39$1,023,805$538,708$436,096$915,910
40$1,090,298$527,170$412,770$957,222
41$1,162,378$513,871$387,467$1,001,792
42$1,240,578$498,688$360,085$1,049,950
43$1,325,483$481,489$330,513$1,102,063
44$1,417,737$462,137$298,640$1,158,535
45$1,518,047$440,483$264,346$1,219,815
46$1,627,194$416,373$227,508$1,286,396
47$1,746,035$389,642$187,996$1,358,827
48$1,875,512$360,116$145,676$1,437,712
49$2,016,665$327,612$100,407$1,523,718
50$2,170,636$291,936$52,041$1,617,584
51$2,338,682$252,883$426$1,720,126
52$2,522,189$210,235$0$1,832,246
53$2,722,679$163,763$0$1,961,354
54$2,941,831$113,226$0$2,102,606
55$3,181,491$58,368$0$2,257,188
56$3,443,694$0$0$2,426,462
57$3,730,680$0$0$2,612,232
58$4,044,913$0$0$2,833,257
59$4,389,109$0$0$3,075,397
60$4,766,260$0$0$3,340,759
61$5,179,658$0$0$3,631,665
62$5,632,930$0$0$3,950,673
63$6,130,072$0$0$4,300,601
64$6,675,484$0$0$4,684,551
65$7,274,013$0$0$5,105,939
66$7,930,997$0$0$5,568,532
67$8,652,316$0$0$6,076,476
68$9,444,450$0$0$6,634,338
69$10,314,534$0$0$7,247,152
70$11,270,428$0$0$7,920,459
71$12,320,795$0$0$8,660,369
72$13,475,173$0$0$9,473,607
73$14,744,073$0$0$10,367,587
74$16,139,077$0$0$11,350,475
75$17,672,940$0$0$12,431,268
76$19,359,720$0$0$13,619,877
77$21,214,902$0$0$14,927,224
78$23,255,547$0$0$16,365,341
79$25,500,455$0$0$17,947,485
80$27,970,338$0$0$19,688,264
81$30,688,018$0$0$21,603,771
82$33,678,639$0$0$23,711,741
83$36,969,908$0$0$26,031,711
84$40,592,352$0$0$28,585,212
85$44,579,607$0$0$31,395,965
86$48,968,738$0$0$34,490,109
87$53,800,583$0$0$37,896,446
88$59,120,143$0$0$41,646,713
89$64,977,004$0$0$45,775,878
90$71,425,802$0$0$50,322,477
91$78,526,743$0$0$55,328,969
92$86,346,170$0$0$60,842,141
93$94,957,183$0$0$66,913,549
94$104,440,336$0$0$73,600,005
95$114,884,393$0$0$80,964,110
96$126,387,164$0$0$89,074,846
97$139,056,432$0$0$98,008,227
98$153,010,965$0$0$107,848,017
99$168,381,640$0$0$118,686,519
100$185,312,676$0$0$130,625,444